Suburb Profile Report for Pearce ACT (2607)

Pearce House: Median price $777,500, Annual capital growth 5.32%, Number of sales 20, Weekly median advertised rent $520

Pearce Unit: Median price $537,500, Annual capital growth 13.04%, Number of sales 35, Weekly median advertised rent $390

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report
  • Unit Report

Property investors who have had real estate in Pearce, 2607 should be relatively pleased with this ACT suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 11.07%

Comparing Pearce,2607 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period

Using the current median advertised rental of $520 and the average annual increase in value of a median property of 5.32%, investors should hope to achieve an overall return of 3.48%

Over the last year, property investments in Pearce, 2607 have given investors a capital gain of 16.15%. This compares very favourably with the -1.90% for ACT as a whole.

While Pearce,2607 ranked number 57th in ACT for increase in median house value (annualised) increase, it is ranked 1st over the last 5 years.

In the last year 35 properties changed hands in Pearce, which puts it as the 29th most active market in ACT when comparing the number of sales per suburb.

Renters in Suburb are facing rents around $4680 per annum or $390 every week.

HOUSE UNIT
$777,500 $537,500
3.67% -6.52%
11.07% 16.15%
5.32% 13.04%
$520 $390
20 35
3.48% 3.77%
N/A N/A

Source: CoreLogic

DSR Score for property investment : Above average (U), Good (H)
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Demographics
Total population 2544
Median household income ($/weekly) 1816
Median age of persons 41
Median housing loan repayment ($/monthly) 2167
Average household size 2.4
  • Census Count Percent(%)
    5-14 years 319 12.5
    25-34 years 274 10.8
    35-44 years 370 14.5
    45-54 years 339 13.3
    55-64 years 305 12.0
    Others 936 36.8
    Age Group
    Census Count Percent(%)
    Registered Married 959 49.7
    Not Married 795 41.2
    Defacto Relationship 176 9.1
    Social Marital Status
  • Census Count Percent(%)
    Australia 1829 74.2
    Indonesia 47 1.9
    Papua New Guinea 44 1.8
    United Kingdom 139 5.6
    Other 128 5.2
    Others 278 11.3
    Country of Birth
    Census Count Percent(%)
    Buddhism 22 0.9
    Christianity 1565 67.0
    Hinduism 54 2.3
    Islam 28 1.2
    No Religion 649 27.8
    Others 19 0.8
    Religious Affiliation
  • Census Count Percent(%)
    $1,000-$1,249 77 8.3
    $1,500-$1,999 112 12.0
    $2,500-$2,999 120 12.9
    $3,000-$3,499 92 9.9
    $4,000 or more 93 10.0
    Others 436 46.9
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 859 42.1
    Not in the labour force 694 34.0
    Employed, worked part-time 362 17.8
    Employed, away from work 93 4.6
    Unemployed, looking for work 31 1.5
    Person Characteristics
  • Census Count Percent(%)
    Managers 240 18.2
    Professionals 419 31.8
    Technicians & trades workers 119 9.0
    Community & personal service workers 120 9.1
    Clerical & administrative workers 242 18.4
    Others 176 13.4
    Occupation
    Census Count Percent(%)
    Pre-school 17 2.5
    Infants/Primary 214 32.1
    Secondary 195 29.2
    Technical or Further Educational Institution 76 11.4
    University or other Tertiary Institutions 150 22.5
    Others 15 2.2
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 1804 75.5
    Semi-detached, row or terrace house, townhouse 471 19.7
    Flat, unit or apartment 113 4.7
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 411 41.0
    Being purchased 304 30.3
    Rented 287 28.6
    Other tenure type 0 0.0
    Tenure Type
Census 2011, ABS
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Recent sales & rentals